RNS Number:6975N
Pennine Downing Ethical VCT PLC
17 July 2003


Pennine Downing Ethical VCT plc
17 July 2003

Pennine Downing Ethical VCT plc announces that on 17 July 2003 the Company
purchased 10,000 ordinary shares of 5p each for cancellation representing 0.09%
of the issued share capital at a price of 36.5p per share.

Following this transaction the Company now has 11,020,961 shares in issue.


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